Tuesday August 20-th, 2019

BMW, Daimler Ink Long-Term Autonomous Vehicle Development Deal BMW, Daimler Ink Long-Term Autonomous Vehicle Development Deal

Some 1,200 technicians from the two German auto giants will team up in a bid to develop self-driving technology . The companies will be working on the next-gen driver assistance, autonomous driving and parking technologies. In the recent wave of...

European shares slightly higher after EU picks France's Lagarde as ECB head European shares slightly higher after EU picks France's Lagarde as ECB head

European Union leaders announced a deal to fill the top positions in the political and economic bloc, including picking Lagarde to succeed ECB chief Mario Draghi, whose single, eight-year term ends in November. A non-economist leading a major centr...

Budget 2019: Govt. proposes 5% GST on EVs Budget 2019: Govt. proposes 5% GST on EVs

The Budget also removed import duty on parts for electric vehicles such as e-drive assembly, on-board charger, e-compressor and charging gun. Sitharaman, in her maiden budget presented on Friday, said that the government aims to leapfrog and envi...

Amazon founder Jeff Bezos' divorce final with $38 billion settlement Amazon founder Jeff Bezos' divorce final with $38 billion settlement

A King County, Wash., judge allegedly signed off on the order, according to Bloomberg . MacKenzie has made a decision to donate half of her $38 billion worth alimony to investor Warren Buffett " s philanthropic campaign - the Giving Pledge.

US Economy Adds 224,000 Jobs in June US Economy Adds 224,000 Jobs in June

Total nonfarm payroll employment in June rose by 224,000 jobs, far exceeding market expectations (162,000). "Today's jobs report shows the USA economy continues to create jobs at a strong pace even as we enter the longest period of economic exp...

Lotus Evija: electric hypercar 1000 HP debuts July 16 Lotus Evija: electric hypercar 1000 HP debuts July 16

Pronounced "ev-eye-a" its name means " the first in existence " or " the living one ". The only thing that is certain is that the Evija , due out in 2020, will only be created in 130 models. Only 130 models will be built at the firm's factory in Het...

Police Reportedly Asked to Leave Arizona Starbucks Because Customer Felt Unsafe Police Reportedly Asked to Leave Arizona Starbucks Because Customer Felt Unsafe

Some Tempe Police officers were forced to take their coffee to go at Starbucks in the East Valley city, where officers claim an employee asked them to leave the store on July 4th. Disappointed , the officers did in fact leave. Rob Ferraro, pre...

Dog treat salmonella warning issued for multiple states Dog treat salmonella warning issued for multiple states

The US Centers for Disease Control and Prevention is warning dog owners to beware of the kind of dog treats they're giving their pets, as the agency investigates a salmonella outbreak spanning 13 states. The first case was reported in November,...

Fall in sales of low-emission cars sparks ‘grave concern’ Fall in sales of low-emission cars sparks ‘grave concern’

New auto registrations decreased year-on-year by 4.9% to 223,421 units, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT), with ongoing confusion over low emission zones and diesel, the removal of...

Ola Gets Approval For London Launch Ola Gets Approval For London Launch

Ola, the homegrown ride-hailing app, has got a licence to operate services in London, according to a disclosure by the Transport of London , a government body that oversees the city's transportation. The licence in London comes as Ola has been pushi...

Hospital staff given cannabis cake by mistake as thank you gift Hospital staff given cannabis cake by mistake as thank you gift

He had taken it from his grandson's 18th birthday party before presenting it to nurses. Police were called to Warrington Hospital on Monday May 27 after staff ate the red velvet cake and were reportedly left feeling "relaxed" by the drugs it was sp...

Chinese arrested for suspected payment app scam Chinese arrested for suspected payment app scam

Thursday. According to recent reports, around 900 of them were hit by a new hacking attack that targeted the flawed 7pay app, hijacking accounts and making illegal charges in their names. Kobayashi also stressed that tests before the start of the...

New air links from the Lake District to Essex launched from Carlisle New air links from the Lake District to Essex launched from Carlisle

Passenger flights stopped in 1993, although the airport has still been a base for private aircraft and flying schools and is also used by the military. "Aviation fuel now doesn't have a tax on it so it is unfairly subsidised against the other forms o...

RBI opens banks’ liquidity tap for NBFCs, HFCs RBI opens banks’ liquidity tap for NBFCs, HFCs

The RBI has also made a decision to frontload the Facility to Avail Liquidity for Liquidity Coverage Ratio (FALLCR) scheduled to rise by 0.5 per cent each in August and December 2019, and permit banks to reckon with immediate effect the increase in...

Canopy Growth Canopy Growth"s co-CEO Bruce Linton steps down"

In an interview with CNBC Linton said "I was terminated". "It is pretty clear that it was at the urging of Constellation Brands ". "We fully support the decision made by Canopy Growth's Board of Directors to appoint Mark Zekulin as the c...

Jobs Bounce Back In June Jobs Bounce Back In June

Despite that, he's made repeated calls for Fed Chairman Jerome Powell to cut interest rates as the record expansion shows other signs of slowing just as the 2020 campaign begins. The Fed at its last meeting in June had signalled that it was prepare...

South Korea closes Japan-funded foundation South Korea closes Japan-funded foundation

On the same day, LG Electronics also posted an operating profit of 5-hundred fifty-seven million US dollars. Market watchers said a supply glut in DRAM and NAND flash chips, which account for more than two-thirds of the firm's sales, dragged down i...

Stocks rally on bets of Fed rate cuts; euro wobbles Stocks rally on bets of Fed rate cuts; euro wobbles

Of the major components on the benchmark index, automation specialist Fanuc was up 1.31%, while fashion firm Fast Retailing lost 0.11% and technology conglomerate SoftBank Group slid 1.38%. Germany's 10-year government bond yield was up 4 basis...

Amazon's investment into Deliveroo hits antitrust snag Amazon's investment into Deliveroo hits antitrust snag

Deliveroo is arguing that the investment from Amazon will help to create jobs, help restaurants to grow, and improve choice for consumers. Neither Deliveroo or Amazon have disclosed a figure for Amazon's funding contribution. Amazon said Friday its...

United States labour market booms in June United States labour market booms in June

The yield on the 10-year U.S. Treasury note climbed to 2.06% from just under 2%. The Labor Department says the solid gain came after weak job growth of just 72,000 in May. The economy has added jobs for a record 105 months. Hiring has cooled from...

BMW chief executive Harald Krueger to quit BMW chief executive Harald Krueger to quit

Of the two, Zipse is considered the most likely to take the helms of BMW, according to a report from German newspaper Frankfurter Allgemeine , which cites company insiders. According to German media reports, Klaus Froehlich, now head of BMW's develo...

Canada sees slight jobs decline as wages accelerate, unemployment rate stays low Canada sees slight jobs decline as wages accelerate, unemployment rate stays low

Governor Stephen Poloz is widely expected to hold the trend-setting rate steady next week - and many predict the bank to remain on hold for the rest of the year. In percentage terms, it was the best start to a year since 2010, and suggests the Bank o...

China Reiterates Demand That US Must Lift All Tariffs China Reiterates Demand That US Must Lift All Tariffs

The U.S. imported 12 percent fewer products year-on-year from China during the first five months of 2019, CNN reported on July 3. Commenting on the USA side's recent claim that China agrees to purchase large quantities of US agricultural produc...

Burned Jim Beam warehouse causes fish kills in nearby waterways Burned Jim Beam warehouse causes fish kills in nearby waterways

State and local officials are still monitoring the situation. The warehouse in Versailles, Ky., caught fire Tuesday night - possibly due to a lightning strike - and has been hard to extinguish because of the abundance of alcohol that's leaked into ...

Gold Prices Ease Ahead Of US Jobs Report Gold Prices Ease Ahead Of US Jobs Report

Gold rates reached a six-year high of $1,438.63 an ounce last week, driven by assumptions of price cuts by significant central banks and also anxieties of a downturn in the worldwide economic climate. The yields on US 10-year Treasury notes hovered a...

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